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FOR BETTER OR WORSE:
Continental Currency Operated As A Tax!
According to Benjamin Franklin, Continental Currency operated as a tax (White, 145). Instead of bearing heaviest upon those who had most of it, in reality it brought the greatest suffering to those who kept it the longest; and upon those people whose debts ran the longest amount of time. Host of the charitable and educational institutions of the day depended upon regular interest payments from the currency. They were accordingly "taxed" at rates amounting to 97.5 percent of their incomes. Mr. White wrote, "It is a complete subversion of ideas to call this a tax," and instead called it "confiscation" (White, 145-46). “The government plundered right and left, and instead of keeping an account with persons and things, it told the victims to rob the next ones they came to" (White, 146).
The Welfare System
The welfare system in America
today is no less immoral or wicked. Americans are plundered by "give
away” programs and then encouraged to accept subsidized housing, student
loans and grants; unemployment compensation, and on and on. Home
builders defend using Federal Mortgage Corporations. Farmers who once
believed in free enterprise now agree to accept "money" not to plant
certain crops. Merchants may decry the intrusion of the federal
government into business, but they still demand price regulations. Blue
collar workers may inveigh against the Medicare and the Food Stamp
programs, but they still believe the federal government owes it to them
to bail out their corporations and to protect their jobs (The Trumpet,
1).
"Oh, Lord, why hast Thou made us to err from Thy ways,
and hardened our heart from Thy fear?" (Isaiah 63:17)
______________________________________
BIBLIOGRAPHY
Greene, George. Historical Review of the American
Revolution. Copyright 1865. Boston.
Griffin, Des. Fourth Reich of The Rich. Copyright 1983. South
Pasadena, California: Emissary Publications.
Hackett, Homer C. Political and Social History of the United States:
1492-1828. Copyright 1929. New York:
The Macmillan Company.
Jacobs, Vernon. 500 Little Known Stories From American History. (no date). Tulsa, Oklahoma: Christian
Crusade.
"A Letter from a Gentleman in Boston to His Friend in
Connecticut." Anonymous, 1743.
"A Letter To A Merchant In London Concerning A Late Combination In The
Province Of The Massachusetts
Bay In New England, To Impose Or Force A Private Currency Called 'Land Bank Money'; Printed For The Publick Good, 1741." Anonymous, signed "Benjamin Dolbeare."
Livingstone, Bob. "Christians Awake." April 1985. Birmingham, Alabama: Box 3513, West End Station
35211.
Preston, John Hyde. Revolution 1776. Copyright
1961. New York: Washington Square Press.
Story, Joseph. Commentaries on the Constitution of the United States.
Vol. II. (no date).
Sumner, William. A History of American Currency. Copyright 1874,
by Henry Holt and Company.
The Trumpet. Edited by Dr. Don Boys. Vol. I, No. 5 --May 1984.
Indianapolis, Indiana: American Coalition of
Unregistered Churches. "Welfare: America's Trojan Horse."
White, Horace. Money and Banking. Copyright 1895.
Boston: Ginn and Company.